Office Building with Finished Lower
New
For Sale
Contact for pricing
790 Lafayette Rd, Medina, OH 44256
Multiple private offices span three levels, with monument signage and on-site parking.
Property Size2,246 SF
Price / SF$146.48
Days on Market6
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 790 Lafayette Rd
General Information
Standard status
Active
Size
2,246 SF
Total Parking Spaces
24
Property subtype
OFFICE
Zoning
C-3
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
monument signage
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Emily Faust · License #SAL.2021003573
(412) 956-0066
Source:
Moodyscre
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 15 at 2:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gerspacher Real Estate Group
Investment Insights
Based on property information with market context.
Office space is arranged across three levels, with 2,246 SF on the first and second floors and an additional 890 SF of finished lower-level space. The first floor has a front office suite, five private offices, a common area, and two single restrooms. Upstairs are two private offices and storage. The lower level includes four private rooms, a mechanical room, and basement space.
The property has 24 parking spaces and monument signage along Lafayette. It is zoned C-3 General Commercial, 1.5 miles from Medina’s Historic District, and less than 5 miles from the I-71/SR-18 interchange. Leases include Ohio Edison, Columbia Gas, and Medina City sewer and water utilities.
The property has 24 parking spaces and monument signage along Lafayette. It is zoned C-3 General Commercial, 1.5 miles from Medina’s Historic District, and less than 5 miles from the I-71/SR-18 interchange. Leases include Ohio Edison, Columbia Gas, and Medina City sewer and water utilities.
Key Highlights
- 2,246 SF across the first and second floors, plus 890 SF of finished lower‑level space
- First floor includes a front office suite, 5 private offices, common area, and 2 single restrooms
- Second floor has 2 private offices and storage; lower level has 4 private rooms, a mechanical room, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,535
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,700
$550.7K
Cap Rate 7%
$393,357
$393.4K
Cap Rate 9%
$305,944
$305.9K
Market Conditions
NOI Build-Up for 2,246 SF
Gross rent
$48.2K $21.48/SF
− Vacancy
−$11.5K −$5.13/SF
EGI
$36.7K $16.35/SF
− OpEx
−$9.2K −$4.09/SF
NOI
$27.5K $12.26/SF
Area
Medina County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,700
Cap Rate 7%
$393,357
Cap Rate 9%
$305,944
Alternative Uses
Best Use
Office B
$393.4K
$344.2K – $458.9K
NOI $27,535 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$626.5K
$548.2K – $730.9K
NOI $43,853 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 44256, OH
64,815
Population
26,740
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
130.8 sq mi
ZIP Area
496
Density / Sq Mi
$100,345
Median Household Income
$55,180
Median Earnings
$1,120
Median Rent
$292,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Multiple private offices span three levels, with monument signage and on-site parking.
Where is this office building located?
The property is located at 790 Lafayette Rd Medina, OH.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2,246 SF across the first and second floors, plus 890 SF of finished lower‑level space; First floor includes a front office suite, 5 private offices, common area, and 2 single restrooms; Second floor has 2 private offices and storage; lower level has 4 private rooms, a mechanical room, and basement
